SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February 3, 2000
Date of Event (or earliest event) being
reported: February 3, 2000
IPALCO ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-8644 35-1575582
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Monument Circle, Indianapolis, Indiana 46204
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(317) 261-8261
Item 5. Other Event
IPALCO Enterprises, Inc. announced the sale by Mid-
America Capital Resources, Inc. of 500,000 shares of its
investment in Internet Capital Group, Inc. as disclosed
in the following press release:
Media Contact: Marni Lemons (317) 261-8219
e-mail: [email protected]
Investor Contact: Daniel L. Short (317) 261-5154
e-mail: [email protected]
IPALCO Announces Partial Sale of ICGE Stock Holdings
Indianapolis, IN, February 3, 2000 -- IPALCO Enterprises,
Inc., (NYSE:IPL), the parent company of Indianapolis
Power & Light Company and Mid-America Capital Resources,
Inc., today announced the sale of 500,000 shares of
Internet Capital Group, Inc. (Nasdaq:ICGE), representing
a portion of Mid-America's interest in ICGE. The stock
sold at an average price of $112.73 per share.
Prior to the sale, Mid-America held 1,030,600 shares of
ICGE, an internet holding company, at a cost of $1.2
million.
"Our plan is to use substantially all the after-tax
proceeds from this sale of stock to retire a portion of
IPALCO's outstanding unsecured debt," said John R.
Hodowal, IPALCO Chairman and President. "As to the
remainder of our stock holdings in ICGE, we will continue
to monitor market conditions."
Hodowal said the ICGE transaction was one element of the
overall investment strategy of IPALCO's non-regulated
subsidiary, Mid-America Capital Resources, which recently
announced its investment of $15 million in EnerTech
Capital Partners II L.P., a venture capital fund
affiliated with Safeguard Scientifics, Inc.
IPALCO Enterprises, Inc. is a multi-state energy company
providing a variety of energy products and services. Its
primary subsidiary, Indianapolis Power & Light Company,
provides retail electric service to approximately 430,000
commercial, residential, and industrial customers in
Indianapolis and portions of other Central Indiana
counties.
News releases and other information about IPALCO can be
found on the World Wide Web at www.ipalco.com.
(end)
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: February 3, 2000
IPALCO ENTERPRISES, INC.
By /s/ John R. Brehm
Name: John R. Brehm
Title: Vice President
and Treasurer
